Posts

EveryMatrix Signs Casino Content Deal with CEGO

Leading iGaming software provider EveryMatrix has signed a casino content deal with CEGO, an online casino operator that powers some of the biggest brands in Denmark.

Following the agreement, CEGO’s newest brand will get access to premium content from NYX, Scientific Gaming, Evolution, and Magnet Gaming, via EveryMatrix’s CasinoEngine product. All the content will be delivered via Web API on external wallet with EveryMatrix’s bonusing system.

Commenting on the deal, EveryMatrix CEO Ebbe Groes said: “Following the Norsk Tipping deal, this is yet another step forward for EveryMatrix, and we are happy to carry out our privileged position in the Nordic market through our latest partnerships.”

CEGO CMO Esben S. Thomsen also commented: “We are looking forward to cooperating with EveryMatrix. It will open up a large portfolio of new and exciting games, which will benefit our players and strengthen our gaming products even further.”

Groes went on to say: “At this moment, our company is one of the few Danish certified platform providers, and with the new CEGO agreement, we continue to grow our name in the Nordics region.

“Our platform was recently selected by Norsk Tipping state lottery to provide services for their iGaming Integration Platform, and now with Danske Spill owned CEGO we see the recognition of our hard work and focus we invested into building one of the most competitive products on the market.”

CEGO is a highly experienced Danish online casino operator; it works with some of the largest online casino brands in Denmark, such as Spilnu.dk and CasinoDanmark.dk.

Follow us on Facebook and Twitter for more updates.

NetEnt Games Go Live with National Lottery Bulgaria

Leading online gaming solutions provider NetEnt has announced that its award-winning games are now live and available with National Lottery Bulgaria – the largest gaming operator in the country – marking yet another regulated market entry in Europe for NetEnt.

National Lottery Bulgaria has a strong position in the land-based gambling market, specifically within scratch-cards – the most common type of game in Bulgaria. Following a recent re-regulation in the country, the operator has now introduced an online casino offering for the first time, having NetEnt as exclusive partner.

Chief of European Market Operations and MD of NetEnt Malta Ltd., Enrico Bradamante, commented saying: “Expansion on regulated markets is an important part of our growth strategy and I am very pleased that our popular online games are now live and available in Bulgaria. We look forward to supporting National Lottery Bulgaria in growing their online casino business and I am convinced that their players will enjoy our entertaining premium games.”

Also commenting, National Lottery Bulgaria CEO, Milen Ganev, said: “As a market leader in Bulgaria, National Lottery is always delivering the best possible products to its customers. We recognize NetEnt as a stable partner, producing high quality games fitting perfectly into our gaming concept for entertainment. National Lottery Bulgaria’s customer base has over 2 million registered players and we hope that all of them will enjoy our new product.”

Follow us on Facebook and Twitter for more updates.

BetConstruct Secures Class II Romanian Gaming Licence

Award-winning developer and gaming solutions provider BetConstruct has secured a Class II gaming licence from the Romanian National Gambling Office (ONJN). The company will now be able to supply its platform to all online gaming operators within the Romanian regulated market.

Commenting on the news, BetConstruct CEO Vahe Baloulian said: “BetConstruct views Romania as a significant and forward-looking jurisdiction. With the ONJN license, we are bringing our powerful betting technology to local operators enabling them to stand-out in this important market.”

This licence adds on to the company’s licences granted by Malta Gambling Authority, the UK Gambling Commission, as well as other jurisdictions, which allows BetConstruct to help its partners meet any necessary requirements for operating in different regions.

After having been given the title of Best Sports Betting Product Award at the SBC Awards just two weeks ago, Baloulian commented: “Being recognized as the Best Sports Betting Product supplier by the only awards dedicated to betting, speaks for itself. BetConstruct cherishes the industry’s acknowledgement and the responsibility that comes with it.”

He went on to say: “We will continue building on our success and providing the best products the operators and players expect and enjoy.”

Follow us on Facebook and Twitter for more updates.

Betfred Completes Refinancing Package Worth £195 Million

UK independent bookmaker Betfred’s governance has confirmed that is has officially completed a £195 million refinancing package.

The financing comes as Betfred moved to complete its £55.5 million acquisition of 322 retail betting shops from newly merged FTSE enterprise, Ladbrokes Coral.

The bookmaker’s senior debt package has been supported by four UK banks; RBS, Barclays, Lloyds, and Yorkshire Bank, with auditor KPMG acting as lead debt advisory for the operator.

The new banking facility refinances an already existing package and provides the financial ammo to complete the deal.

Commenting on the refinancing package, Financial Director at Betfred, Nicola Barr, said: “It was great to have strong support from the local banking community to support the company in this significant transaction.”

By winning the UK Competition and Markets Authority (UK CMA) bid for Ladbrokes and Coral shops back in October, which had to be put for sale in order to meet industry competition standards, Betfred increased its UK retail betting portfolio to +1500 betting estates.

KPMG Head of Debt Nick Dodd issued a deal note commenting on the refinancing package arrangement: “Investment to develop a multi-channel offering and the in-shop experience for customers, particularly through the digitisation of outlets, is a real focus for established bookmakers as they respond to the challenge presented by online competitors.

“We expect to see more firms seek external funding to fuel their expansion and build on strong growth in the industry.”

Follow us on Facebook and Twitter for more updates.

Catena Media Acquires US Online Gambling Assets

Online lead generation company Catena Media has entered the regulated US online gambling market by confirming the acquisition of licensed affiliate website assets from three separate US founders.

Catena Media governance, specifying acquisition details, stated that it has agreed to pay an upfront cash and shares deal valued at €15 million, with 25% of the deal being settled through a distribution of a total of 440,669 new shares in its business.

As a further deal incentive, based on revenue performance of the assets over a three-year period, it has placed a $45 million cap earn-out.

Catena stated that its new assets would contribute directly to corporate performance, and further detailed that the acquired websites had an estimated revenue €1 million per quarter, with a 75% operating margin.

The revenues generated stem from licensed operators in the regulated Casino and Poker markets in the states of Nevada and New Jersey. It is estimated that following the acquisition, close to 50% of Catena Media’s revenue will be derived from regulated markets.

While Catena governance did not disclose the name of individual assets, it did confirm that playnj.com and USPoker.com are among its acquired US online websites.

Commenting on the US acquisitions. Catena Media CEO Robert Andersson said: “We are very excited about this opportunity, which will not only see Catena Media becoming the largest regulated casino affiliate in the US, but also puts us in pole position to take advantage of further re-regulation in what has the potential to become the world’s largest iGaming market. This is an important step in realizing our vision to become the world´s number one provider of high-value iGaming leads.”

This year has seen Catena Media move to increase its international affiliate network as the company moves to extend its player marketing footprint in regulated iGaming and betting markets. This month, Catena confirmed its £10 million acquisition of leading UK player portal Casinouk.com.

Website co-founder and seller to Catena Media, Aaron McCann, commented: “We are impressed with Catena Media and are excited to join their strong and experienced team, which will enable us to take advantage of the many strategic and 2 D-2452017-v2 financial benefits expected from the regulation in the US. We look forward to continuing the journey we have started, and Catena Media is a great match for us.”

Follow us on Facebook and Twitter for more updates.

Betcade Launches First Gambling Mobile Payments Solution

The world’s first Android app store for real money gambling, Betcade, has announced the launch of Betcade Pay – the first mobile payments solution built and optimised for gambling customers.

The fast, secure, and easy-to-integrate service is now available for integration to gambling operators, requiring the fewest steps to deposit out of any solution on the market.

By the first quarter of 2017, Betcade Pay will begin to process UK consumers on Visa and MasterCard, which is available both with and without charge-back protection and bank transfers.

As the service launches across Europe, it will host over 50 global payment methods by the end of the first quarter, continuously adding more methods throughout 2017.

Betcade CEO David Chang commented: “We’ve been working closely with operators and others in the industry all along to develop our product, roadmap and business model. Numerous operators are very positive on the payments component and have been asking to use the technology separately, so we have decided to make Betcade Pay available as a distinct product.

“Not only will it help facilitate payments for both operators and users, Betcade Pay will help drive higher KPIs as well as offer competitive pricing structures for operators the world over.”

Chairman of Gamevy, Paul Dolman-Darrall, added: “The industry’s been crying out for a payments facilitator like this. Not only does it support our business goals, it is easy to integrate, offers a seamless and safe payment process for customers, and enables us to offer something that no other payments facilitator in the world can.”

Betcade Pay is an FCA-licenced payment institution in the UK, as well as PCI compliant, and it securely stores all personal identifiable information within the EU. As a payment facilitator, all payments made are passed onto the operators themselves immediately, allowing them to have full anatomy with their loyal and trusted users.

Follow us on Facebook and Twitter for more updates.

Unibet Group Officially Renamed Kindred Group Plc

The proposed name change of the holding company Unibet Group plc to Kindred Group plc has officially been approved by shareholders at a General Meeting in Stockholm yesterday.

The decision to rename the company was made due to Unibet’s ongoing change and development, with a strong focus on its multi-brand strategy. It now has ten consumer-facing brands in its portfolio, many of which were acquired, and all will be represented by the Kindred Group brand.

The name chosen is based on an extensive analysis of the Group culture and identity – kindred – which refers to a relationship between people with similar values, beliefs, and attitudes. This conveys the unified nature of the company and its subsidiary brands.

Commenting on the name change, Unibet Group Chairman of the Board of Directors, Anders Ström, said: “Changing our group name from Unibet Group to Kindred Group marks an historic step for our company, founded almost twenty years ago.”

He went on to say: “We are now in a position to move Kindred Group into the future with enhanced clarity and flexibility, creating better conditions for future growth in a dynamic and changing business environment.”

Unibet Group CEO Henrik Tjärnström added: “As Kindred we can create a greater distinction between our consumer facing brands and the group brand, providing us with the necessary strategic flexibility to ensure we remain at the very forefront of our industry. As a group we have played an important part in driving the industry forward, and we intend to continue to do so in the future.”

Follow us on Facebook and Twitter for more updates.

Betsson Group Upgrades Mobile Casino to be Largest in the World

Online gambling company Betsson Group AB has declared that its flagship brand – Betsson.com – now boasts over 800 game titles, officially making it the largest mobile casino in the world.

Releasing its latest mobile casino client, Betsson Group updates its product with a new interface reflecting the company’s recent rebrand under the tagline “Anytime’s Playtime”. The product comes as a direct response to customer demand, and incorporates a lighter and fresher style with clearer game titles and jackpot amounts, larger thumbnails, and a completely updated architecture of the casino to offer improved search, filtering, and favouriting, as well as personalisation and recommendation.

Development teams at Betsson have placed user-experience and customer journey as the main focus of its product upgrade, with the mobile casino offering an optimised product layout as mentioned above.

Commenting on the upgrade, Betsson.com Managing Director Fredrik Axelsson said: “We’re very excited to be able to offer such a diverse range of games on Betsson.com’s mobile casino.

“Betsson Group is well known for leading the field in terms of technology, and this further innovation brings Betsson.com to the absolute forefront of the industry”.

The company revealed that its mobile casino was its first product to be built on the firm’s in-house development front-end platform, ‘OBG – One Betsson Group’.

The OBG platform will support the operator’s technology platform ‘Techsson’, connecting all 21 front-end Betsson Group brands.

Betsson.com offers a vast range of first-class online gambling products that include sports betting, online poker, casino games, and many more, in a safe and fun environment. The sportsbook offers more than 4000 sports betting channels, which include a live betting option and a large array of in-play betting opportunities. The casino offers everything from table games to slot machine games, as well as a host of other games.

Follow us on Facebook and Twitter for more updates.

NetEnt Expands Into Mexico’s Online Casino Market with Codere

Premium gaming solutions supplier NetEnt has announced that it will be introducing its offering in the Latin American region via an extension of its existing agreement with Codere; a Spanish gambling operator.

NetEnt has repeatedly pointed out that expanding into regulated jurisdictions has always been a crucial part of its growth strategy. The Mexican regulated online gaming market is set to become the latest to have the Swedish supplier’s games and solutions launched in, as well as the first one in the Latin American region.

Codere is a leading gambling operator in Mexico which operates in both the land-based and digital segments of the industry. NetEnt will be able to go live in the country via its partner’s licence.

The Mexican iGaming market, as well as the markets in other Latin American jurisdictions, have become particularly attractive to major gambling operators and service providers across the globe, holding great potential for profitability.

In a press release, NetEnt Americas LLC Managing Director Björn Krantz commented on the latest announcement, saying that they are very excited to be going live in Mexico with their partner Codere. He added that the agreement marks an important milestone for the company, particularly its entrance into the Latin American online gambling market.

Mr Krantz expressed confidence that NetEnt will be able to support Codere’s growth in Mexico’s online casino segment, and that local players will enjoy their gaming content.

The two companies first shook hands on a content distribution partnership back in 2015, when NetEnt was looking to enter the Spanish regulated market. A selection of NetEnt’s online casino games went live with the major gambling operator later that year.

Apart from its land-based and online presence in its domestic market as well as in Latin American regulated jurisdictions, Codere is also a leading gambling operator in Italy.

NetEnt’s announcement about entering Mexico comes merely days after the Swedish provider launched its Christmas-themed gaming title, Secrets of Christmas – a 5-reel, 25-line, 3-row slot which features funny and colourful symbols and exciting bonuses which capture the spirit of Christmas and create a festive atmosphere for players.

Follow us on Facebook and Twitter for more updates.

LeoVegas Launches Silver Lion – New Lightning Box Games Slot

The new Silver Lion game from Lightning Box Games has been given an exclusive launch on LeoVegas.

The slot game will only be available to LeoVegas.com players until it goes to general release on December 7th.

The 5×4 reel, 1024-way slot features tribesmen and animals such as zebras, hippos, and meerkats, and takes players on a safari across the sweeping plains of the African Savannah in search of the mythical Silver Lion. Players can expect bonus rounds when the lion appears through the undergrowth, along with opportunities to win big prizes.

Designed and built in premium HTML5 for desktop and standard HTML5 for mobile, the game comes with graphics and soundtracks that transport the players to the heart of the wilderness.

Commenting on the game, Lightning Box Managing Director and Co-Founder Peter Causley said: “Silver Lion is a beautiful game which offers players big prizes by multiplying their stacked wins by up to 27 times. The math model behind the game ensures players are engaged and entertained in equal measure.

“It is a great addition to our growing portfolio, and the result of months of hard work from everyone here at Lightning Box Games. We are sure players on LeoVegas will enjoy playing the game as much as we enjoyed making it.”

Head of Casino at LeoVegas, Karolina Pelc, commented on the launch of the game: “We’re very pleased to once again deliver on LeoVegas’ promise of being the first with the latest. We’re confident that Silver Lion will be one of those popular games with all our players.”

Lightning Box Games also recently struck a trio of deals with online casino operators in the UK, with its Stellar Jackpots-Chilli Gold x2 title launching with bet365, Coral and Ladbrokes simultaneously.

Follow us on Facebook and Twitter for more updates.